Dairy Chitchat 4, an udder new thread.

fair play for driving on post quota, we were just happy not to get caught for superlevy every year 😁

I'd be happy to see a system where where a beneficiary could elect to have zero tax relief but the taxman would take some equity in the land, and where that equity decreases over a set period once it was being actively farmed.

e.g. You could have 33% due (after allowances) on the day you inherit if you just want to pay up or you could elect to give the taxman an initial 40% equity (after allowances) but that the equity would go back to you at 2% per year. So that after 20 years, you'd be back at 100% ownership. If the beneficiary dies within 20 years, the taxman's equity goes to zero and it can begin with the subsequent beneficiary.

Such a system would achieve what is presumably the intended purposes of the relief which would be to protect the viability of genuine farming operations. While also reducing the attractiveness of land to wealthy people with no connection to farming who just bid up the price of land to use it as an instrument to pass on their wealth efficiently to the next generation.

Genuine operations would also have the option to go the business relief route anyway.

Worked at cows for a number of years till got fed up of them, have seen many systems over the years, but one of the best was an 80 to 100 cow herd with a lim bull and buying in incalf heifers from same source every year with a father and son team, the son had a electrical business going with two lads working for him, the son or one the lads would milk a certain amount of morning and evening milkings and the father the rest, sold all caves at 3 weeks old and in the summer the father would collect parts for the son, there is merits to every farm system and what suits that farm. As an old teacher in ag college use to say everyone is outstanding in their own field.

Are these job nationwide or Dublin based?

Ya he be fairly capable. To really move on above the 100k++ it about work ethic, ability, capability and the willingness to adapt.

He is Dublin based at present. There is several levels. You have the guys that came out with first class degrees out of the maths and finance courses in universities ( most of these courses are 480 points++ )

The lads doing these courses that come out with top degrees are in demand. Ya poor money at the start in Dublin but after that it a fast trajectory.

On the second level you have lads that have decent degrees in these or other disciplines such as economics or accountancy.

On the third level you have the people with ordinary degrees. The second level top out at 100-150 k usually. The third level at 50-80k.

The top tier is totally different. You could plateau at 100-150 k and head a very nice lifestyle in the banking, private or public sector. If you want it and are willing to travel the opportunities are huge. Most of the top lads would have had enough points to do medicine, veterinary or dentistry but would not be challenged at these professionals unless they went down the consultant route

A lad around the same age as my eldest lad ( 30iish) is over in a banking London. His mother says the money he is earning is ''obscene''. Young lad estimates 200k sterling+. He is a vice president of a division within an American bank.

Vice president are really an American banking term for a senior executive below a CEO

I would say your degree only has an impact for the first five or so years, after that its about ability, after 10 years its immaterial where you went to college or what you did, its about what work you've done

I was thinking the same. I've been genotyping my own here for the past 7 years so I wouldn't have as much to gain from it as most people. I entered into the greenbreed program with Icbf years ago and they were supposed to genotype my herd but they eventually decided not to bother holding up their side of the contract. Ran out of money they said, must have blown the budget on their own wages. I said I'd be slow to get involved with any scheme with them again.

Sh1t will be your thanks anyway when you take your fine high CBV calf to the mart.

You are right to an extent. However a large percentage the lads with the good degrees out of the good courses would along with being extremely bright would generally be good workers. It hunger that will drop e after that.

When you get that far along the line it not necessarily about the money it often about the ability to deal and to manage what you are doing.

For all the talk from people that you would retire at that stage few do most continue on.

Ya you might think you be set up but it can be a case of work hard play hard. Mercedes Maybach, Range Rover or a BMW 7 series, spouse driving a LC or X5 to carry the kids to school.

Expensive house etc. It hard to get off the Rhino when things are going well

There would be a very weak correlation between "brightness" and achievement in most areas of finance. Most of the middle management types of course wouldn't like to hear that as it would distract from their self-congratulation, but it is the truth. While your degree subject won't matter - unless in a technical role - it will have some bearing on getting your foot on the ladder. Where you studied will be as important in practice.

For your last point though, finance is necessary and important.

Finance is what it states Finance. the tweo big jobs in any company is the CEO and CFO. Most CEO severve a time as a CFO. As @Donald Trump stated it all about getting on the ladder. read the early life part of Micheal O'Leary and the first line of his Ryanair Career.

Getting you foot on the ladder is the important thing. I lay odds that Trinity College Business and Economics is a near enough 500 point course.

jusy on second tier. Richard Collins RTE CFO has a degree out of TCD in Business Studies, He did a post Grad in Accountancy in UCD and is a chartered Acountant.

Charles Munger was studing Mathematics when he left to serve in the army during WWll, the army send him to stud Meteorology. He went to Harvard through the GI bill to study law. He is the other half of Berkshire Hathway with Buffet.

Look through a lot of companies from the big to the small and most of the top executives will have degrees in Maths, finance accoutancy or similar

Keeping up with the joneses! What’s that saying, your level of expenditure rises to meet your level of income

I see the boss of Wicklow calf company has taken to tiktok to respond to the Prime Time programme.

Sounds like he didn’t get fair play at all by rte